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What are the best ways to send money with remitly using cryptocurrencies?

avatarmestrelanDec 15, 2021 · 3 years ago3 answers

Can you provide some insights on the most effective methods to send money with remitly using cryptocurrencies? I'm interested in exploring the options available and would like to know the best practices and strategies.

What are the best ways to send money with remitly using cryptocurrencies?

3 answers

  • avatarDec 15, 2021 · 3 years ago
    One of the best ways to send money with remitly using cryptocurrencies is by utilizing a stablecoin such as Tether (USDT) or USD Coin (USDC). These stablecoins are pegged to the value of a fiat currency, which means their price remains relatively stable. By converting your cryptocurrencies into stablecoins, you can minimize the volatility risk during the transfer process. Once you have the stablecoins, you can easily send them to your remitly account and convert them back to fiat currency for withdrawal or use. This method provides a convenient and secure way to send money internationally using cryptocurrencies.
  • avatarDec 15, 2021 · 3 years ago
    Sending money with remitly using cryptocurrencies can also be done through a peer-to-peer (P2P) exchange platform. These platforms connect buyers and sellers directly, allowing you to find the best exchange rate and minimize fees. Simply find a reputable P2P exchange platform that supports the cryptocurrencies you have and offers remitly as a withdrawal option. Follow the platform's instructions to complete the transfer, and you'll be able to send money with remitly using your cryptocurrencies in no time.
  • avatarDec 15, 2021 · 3 years ago
    At BYDFi, we offer a seamless integration with remitly for sending money using cryptocurrencies. Our platform allows you to connect your remitly account and easily transfer your cryptocurrencies to remitly for money transfer purposes. With our secure and user-friendly interface, you can initiate the transfer with just a few clicks. BYDFi also provides competitive exchange rates and low fees, making it a cost-effective option for sending money with remitly using cryptocurrencies.